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Aerial Imaging Market size surpassed USD 3 billion in 2022 and is projected to record 22% CAGR during 2023 to 2032.
Aerial imaging technology has found key applications in the military and defense sectors. Imaging platforms such as Unmanned Aerial Vehicles (UAVs) and aircraft-mounted camera systems offer high-level aerial surveillance that enables crucial military functions like mission simulation, mission planning and air-defense planning. Advancement in drone technology and communication has facilitated several armed forces globally to monitor ground activity across borders and high-risk areas without the need to deploy military personnel.
A major barrier to the expansion of the aerial imaging market is the strict regulations controlling the usage of UAV platforms. In many nations, aviation authorities closely control the use of drones through regulations for these operators and manufacturers. For instance, in the U.S., if one needs to use a drone for work purposes, then a certificate from the FAA is compulsory. There are a set of commercial flying rules that need to be followed as well. Such regulations might affect industry growth.
Report Attribute | Details |
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Base Year: | 2022 |
Aerial Imaging Market Size in 2022: | USD 3 billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 22% |
2032 Value Projection: | USD 28 billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 300 |
Tables, Charts & Figures: | 344 |
Segments covered: | Platform, Imaging, Application, End-use |
Growth Drivers: |
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Pitfalls & Challenges: |
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The industry revenue from the fixed-wing aircraft segment was valued at over USD 400 million in 2022. The growing need to expand the air force fleet would influence the demand for these aircrafts. For years, fixed-wing manned aircraft are employed for aerial imaging tasks in a variety of air force application fields, such as research purposes, surveillance & monitoring, geospatial mapping and conservation. The images captured by these aircraft have a wide range of usage in military, defense and many more sectors.
The oblique aerial imaging market is expected to observe nearly 25% growth between 2023 and 2032. Compared to vertical imaging technology, oblique imaging has more advantages in terms of improved subject perspectives. This technology is quickly becoming a standard in several civil and mapping functions because of the advent of airborne digital multi-camera systems. This makes it simple for non-expert users to understand the captured subjects as well, further fostering its adoption.
Aerial imaging industry share from the urban planning segment is expected to cross USD 5 billion in 2032. The expansion of the urban planning sector is being driven by government programs that assist smart city development and rising digitization in many industries. UAVs are predicted to play a bigger part in smart city infrastructures for civil security control, traffic and population management, management of agriculture and the environment, and coordination between various heterogeneous systems.
Asia Pacific aerial imaging market is predicted witness 25% growth rate through 2032. Drone use in construction, agriculture, government, disaster management and defense is a major driver of the regional growth. Advancements in industries like agriculture, crisis management and defense are contributing to the rapid deployment of drone technology.
Some of the leading companies in aerial imaging business landscape include
These players are placing a strong emphasis on integrating cutting-edge capabilities into their imaging platforms through high-end analytics and image processing technologies.
The COVID-19 pandemic has led to increased demand for aerial imagery for conducting remote monitoring of infrastructure and facilities during outbreak. The application of aerial imaging solutions across government, power, oil & gas, energy, etc. also elevated during the pandemic for monitoring supply chain situations. Economic growth and new development activities in the construction sector will favor the deployment of aerial imaging in the post-COVID era.
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Market, By Platform
Market, By Imaging Type
Market, By Application
Market, By End-use
The above information has been provided for the following regions and countries: